Sri Lanka’s Sources of Growth

This paper uses the growth accounting framework to assess Sri Lanka's sources of growth. It finds that while labor was the dominant factor contributing to growth in the 1980s, labor's contribution declined over time and was overtaken, to a large extent, by total factor productivity (TFP) a...

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Bibliographic Details
Main Author: Braiton, Nombulelo
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2007
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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300 |a 25 pages 
651 4 |a Sri Lanka 
653 |a Labour 
653 |a Human capital 
653 |a Economic development 
653 |a Growth accounting 
653 |a Cost 
653 |a Capital and Total Factor Productivity 
653 |a Production 
653 |a Industrial productivity 
653 |a Skills 
653 |a Total factor productivity 
653 |a Labor 
653 |a Labor Productivity 
653 |a Labor Force and Employment, Size, and Structure 
653 |a Labor force 
653 |a Accounting 
653 |a Labor Economics: General 
653 |a Economic growth 
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653 |a Macroeconomics 
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653 |a Income economics 
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653 |a Labor economics 
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520 |a This paper uses the growth accounting framework to assess Sri Lanka's sources of growth. It finds that while labor was the dominant factor contributing to growth in the 1980s, labor's contribution declined over time and was overtaken, to a large extent, by total factor productivity (TFP) and, to a lower extent, by physical and human capital accumulation. A higher growth path over the medium term will depend on securing a stable political and macroeconomic environment; implementing structural reforms necessary to improve productivity and efficiency of investment; attaining fiscal consolidation; and creating space for the private sector